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Wednesday, 31 August 2016

Best Advisory Company, Shares of Bank

Best Advisory Company PREMIUM CALL:- BUY UNIPLY
TG1 259
TG2 267
SL 251.20

Shares of RBL Bank was listed at the exchanges at Rs 274.20 per share, up 22 percent from its issue price of Rs 225. The first private lender IPO in a decade was open for subscription on August 19.

Price band was fixed at Rs 224-225 for share sale. 

The plan included raising up to Rs 832.50 crore through the issue of fresh shares and up to Rs 380.46 crore in an offer for sale by existing shareholders. The share sale, accounting for 10-11 percent stake, will give the bank a valuation of over Rs 12,000 crore.

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